Alpine Bank Wealth Management Invests $537,000 in iShares Select Dividend ETF (NASDAQ:DVY)

Alpine Bank Wealth Management bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,000 shares of the company’s stock, valued at approximately $537,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares Select Dividend ETF by 5.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 200,247 shares of the company’s stock worth $26,891,000 after acquiring an additional 9,632 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in iShares Select Dividend ETF by 588.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 288,441 shares of the company’s stock valued at $37,869,000 after purchasing an additional 246,540 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in iShares Select Dividend ETF by 9.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 2,421 shares of the company’s stock valued at $325,000 after purchasing an additional 200 shares during the last quarter. LPL Financial LLC increased its holdings in iShares Select Dividend ETF by 8.9% in the fourth quarter. LPL Financial LLC now owns 1,596,398 shares of the company’s stock valued at $209,591,000 after purchasing an additional 130,573 shares during the last quarter. Finally, Accredited Investors Inc. increased its holdings in iShares Select Dividend ETF by 37.3% in the fourth quarter. Accredited Investors Inc. now owns 3,141 shares of the company’s stock valued at $412,000 after purchasing an additional 853 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.5%

NASDAQ DVY opened at $132.21 on Wednesday. The stock has a 50-day simple moving average of $130.06 and a 200 day simple moving average of $131.81. The company has a market capitalization of $19.55 billion, a PE ratio of 15.12 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $144.09.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were issued a $1.2333 dividend. This represents a $4.93 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Monday, June 16th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $0.93.

iShares Select Dividend ETF Company Profile

iShares Select Dividend ETF, formerly iShares Dow Jones Select Dividend Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time.